Need for universal basic income scheme

Need for universal basic income scheme

Many countries of the world provide financial support to low-income individuals and families to help them meet basic living expenses under social safety net.

Universal Basic Income (UBI) is the most radical social protection scheme and an unconditional cash transfer to all citizens/residents in a country.All the citizens are illegible regardless of the marital, employment status, or without any preconditions.

These programs may also be conditional. The payment to individuals or households contingent upon meeting specific conditions such as regular school attendance, health check-ups, or participation in job training programs. These programs promote human capital development by encouraging behaviors that improve […]

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